The New York real estate market seems to be starting to recover after the long-term impact of the pandemic. In Manhattan, the most densely populated district of the city, the situation seemed to be picking up, since the purchase of apartments increased in 2021after the city recovered from the worst of the pandemic.
Average prices of apartments for sale in Manhattan in the last quarter of 2022 they were sold for US$1,100,000, according to a report by the appraiser Miller Samuel Inc. and the firm of Douglas Elliman Real Estate, although the value of a two-bedroom condominium was US$2,150,000.
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When these numbers are taken into consideration, finding a nice apartment at a cheaper price can be an almost impossible task. that’s when opt for fewer square meters can make a difference.
New York housing laws used to require apartments to be a minimum of 37 m², but that stipulation was removed in 2016 to allow the development of “micro-departments” and thus adapt the real estate market to a population increasingly dominated by young singles.
Below, these eight properties prove that, when done right, limiting square footage forces many to magnify their creativity while designing a small space.
This 42m² studio apartment has nothing to envy to larger flats. Housed in a 30-story Renzo Piano-designed building, 565 Broome Soho offers cinematic views of the Hudson River.
A formal entry foyer leads to an impressive corner great room with 10-foot ceilings and 6-inch wide plank oak flooring. Floor-to-ceiling windows result in a incredible light throughout the residence. The open kitchen offers unique visual appeal with custom fluted white oak cabinets, Balsatina Lavastone countertops, and Zucchetti fixtures.
Located in the iconic The Plaza hotel, this 44m² suite is the perfect opportunity to own a pied-a-terre really unique and spectacular. High 10-foot ceilings give a spacious feel, while Louis XV-style furnishings embody the classic timelessness of the 116-year-old hotel.
Despite not having a kitchen, it offers a bar with a laundry room, room for butlers and a desk. The master bathroom is decorated with marble mosaics with a leaf pattern inspired by Central Park.
This property is located just a few steps from Central Park. With extensive renovations to the kitchen and bathroom, now featuring wall-to-wall marble and a luxurious rain shower, this bright and airy studio is just 32m².
However, its large mirrors and windows with views of upstate New York give the illusion of more space. Unit 2A is newly configured with a Murphy bed for maximize available spaceand also includes custom built-ins and a walk-in closet.
Although originally the building where this micro-apartment is located was exclusively for offices, in 2008 it became a mixed-use structure. With the Hyatt Centric hotel on the ground floor and condominiums on its top 24 floors, this 41m² studio achieves a spacious feeling thanks to its three meter ceilingshidden overhead storage and multiple closets.
Natural light enters through its large windows that offer unobstructed views of the Hudson River and the Manhattan skyline. Marble tiles line the bathroom, which has a custom wood vanity with granite countertops.
One of the newest on the list, this apartment finished its construction last year. With a must-see curved profile to the Lower East Side, Unit 2G is located in a 12-story building that includes 85 residences. They offer studios with up to three bedrooms as well as a collection of penthouses.
Facing south on Delancey Street, this 42m² studio apartment features oversized quadruple pane windows that They let in plenty of sunlight but keep out the bustle of the neighborhood.
The fans of Sex and the City You will be fascinated with this micro-department. A few blocks from the apartment of Carrie Bradshaw’s character (Sarah Jessica Parker)This 42 m² condominium overlooking the West Village is sold by none other than actor and model Jon Kortajarena (Quantico), who lived in the apartment while in New York.
They emphasize the access by elevator and a wood burning fireplacewith a king-size bed, desk, living room set and other furniture included in the sale.
On Williamsburg’s ultra-chic Northside sits the seven-story The North condominium, designed by the Kutnicki Bernstein architectural firm.. Between his 44 departments are included this 38 m² studio with balcony, oak floors and matching furniture.
The fully integrated kitchen and bathroom emanate calm thanks to its unified designcombining a simplified color scheme with organic woods and industrial trims.
Although small in size, this 38m² unit features floor-to-ceiling windows, stunning views, and luxury touches that make it a modern condo. Designed by Wonder Works and Workshop DA, this apartment is located between Central Park and the East River in East Harlem.
The streamlined kitchen It is equipped with Marmi Scala terrazzo countertops, Alta Cucine cabinets, and Bertazzoni and Blomberg appliances. Behind the kitchen, the bathroom features striking terrazzo walls, custom iStone cabinetry, a built-in sink, and Newform rain shower.
